Averape rate of return-cost savings. Maui Fabricators Inc. Is considering an investment in equipment, that will replace direct labor. The equipment has a cost of $97,000 with a $8,000 residual value and a 10 year lfe. The equipment will replace one employee who has an averoge wage of $18,345 per year. In addition, the equipment will have operating and energy costs of $4,720 per vear: Determine the average rate of return on the equipment, giving effect to straight-line depreciation on the imvestment. If required, round to the nearest whole percent